Allbirds Changes Name To Smartbird—Stock Skyrockets Again After AI Pivot

Allbirds has rebranded as Smartbird, completing a strategic pivot to become an AI infrastructure provider. The company appointed a new president and CEO to lead this transition. Following the announcement of the rebranding and the shift toward AI, the company's stock experienced a significant surge. This move marks a complete departure from its previous identity as a sneaker company to focus on AI-driven infrastructure services, signaling a hard pivot into the technology sector.